Submitted by GAURANGAGG on Wed, 05/17/2017 - 16:46
- I am sharing the learnings I had over the days and each trading day felt like a year worth of learning with spikes of frequent adrenaline rush. You might save yourself a few traumatic moments by learning from my mistakes.
- No one is truly yours when it comes to finance. Even if a few are, they might not be in position to help you. So be careful when you are trying / making investments.
- Don’t over leverage - even by mistake. I tried to prevent losses of few hundreds on a day trading but couldn’t arrange the required money and lost a few hundreds eventually.
- Short selling can be hazardous to health. Do it only if you already own proportional amount of shares of the particular company because you won’t have them and the situation goes out of hand, you will lose the money and also a few hair and also might have high blood pressure because of the tension it causes.
- Day trade only if you think you can continuously spend time in it. If you aren’t sure don’t do it. Absolutely not when you are planning to short sell.
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